Secret Service Builds $400M Crypto Cold Wallet in Decade-Long Scam Crackdown

July 08, 2025

Secret Service Builds $400M Crypto Cold

The United States Secret Service has quietly accumulated a massive crypto cold wallet valued at nearly $400 million through decades‘ worth of systematic confiscation from international internet crime rings.

It amassed the cache in the last decade, gradually seizing assets in schemes which duped victims through fictitious investment websites, sextortion efforts, and romance schemes.

A Decade of Digital Seizures

While the Secret Service may be best known for protecting presidents, its understated role in combating financial crime has increased exponentially in the age of crypto. Its Global Investigative Operations Centre (GIOC) has been key in tracking and seizing criminal cryptocurrency funds. 

Through the use of blockchain forensics, open-source intelligence, and digital forensic tracking, the agency has tracked stolen funds as far away as Europe, Africa, and Asia from North America.

Training the World to Fight Crypto Crime

Under the leadership of Crypto Strategy Director Kali Smith at the agency, the Secret Service has intensified its efforts overseas. Over 60 countries have utilized its training exercises, which teach indigenous authorities how to track, freeze, and recover cryptocurrencies.

These actions target jurisdictions with weak regulatory systems or golden visa programs—favorite tools used by thieves for laundering money with crypto assets. Its founders believe that there must be wide interagency collaboration, especially in light of the borderless nature of crypto finance.

The Figures: Billions Taken in Crypto Scamming

The scale of the problem is enormous. According to FBI figures, Americans reported $9.3 billion in losses resulting from crypto scams in 2024 alone, which represents more than half of the $16.6 billion in damages incurred during 2024 as a result of internet crime.

For the first half of 2025 alone, losses resulting from hacks, scams, and exploits across the globe have reached $2.47 billion. This represents a 3% increase during the same period as the previous year, indicating that better-equipped and more advanced fraudsters are emerging.

Private Partnerships Drive Recovery Efforts

The Secret Service is not doing it alone. It has collaborated with major cryptocurrency institutions, such as Coinbase and Tether, through which it has been able to track and freeze stolen funds. In one publicized case, $225 million in stolen USDT from romance scams was recovered as a result of joint efforts between cryptocurrency institutions and law enforcement.

Such partnerships are now increasingly viewed as crucial in recovering stolen cryptocurrency assets and in apprehending individuals involved in criminal activities.

A New Age in Crypto Enforcement

While digital finance itself continues to expand and evolve, so too has the Secret Service’s crime-fighting methodology. Once a modest unit operating in the space of internet fraud investigation, it has now evolved into a worldwide operation managing one of the world’s largest cryptocurrency seizure wallets. Its $400 million cold wallet represents not only enforcement achievement but also the future face of 21st-century financial security.

Through blockchain analysis, global alliances, and private sector collaboration, the Secret Service is placing itself at the forefront of crypto enforcement globally.

Subscribe Our Newsletter

German Wages Barely Grew In 2021 Despite Skyrocketing Inflation
German Wages Barely Grew In 2021 Despite Skyrocketing Inflation

The Federal Statistics Office stated that the unionized workers' wages climbed by a median of 1.3% compared to 2021, the weakest gain reported since the office started tracking statistics in 2010.

Banks and Finance
Apple's Stock is Set for a Massive Breakout

Lasha

Apple’s Stock is Set for a Massive Breakout.

Apple is attempting a massive breakout, which could spark an even bigger rally.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Constantine

Investing in Currencies That Are More Valuable Than the American Dollar
Today, investment activities attract numerous people who, in the pursuit of high profits, want to find the holy grail of investing and earn interest from trading in various financial instruments.

discover
Managing Your Financials The Right Way - A Startup Guide

Deborah Middleton

Managing Your Financials The Right Way – A Startup Guide 

In the intricate world of startups, managing financials is the backbone that upholds your entrepreneurial dreams. Neglecting this pivotal task can easily lead to disastrous consequences. Hence, adopting an appropriate financial management strategy right from the outset is crucial.

Investing
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.